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ASX 200 Monthly Wrap-Up: Gains Persist Amid Market Fluctuations
The S&P/ASX 200 index closed 28 points higher at 8,542.3, reflecting an increase of 0.33%. This positive closure underlines a successful month, finishing up 1.28%, marking three consecutive months of gains and a record monthly close for the index.
Key Highlights:
- Chris Conway and I will be covering the Evening Wrap while Carl is absent for a month.
- The ASX 200 has not just closed higher but also finished the financial year 25 with a notable 9.9% increase.
- Healthcare stocks rebounded from a six-week low, while materials faced a downturn due to declining iron ore prices.
Market Overview
Date: Monday, June 30, 2025
Time: 4:20 PM (AEST)
| Name | Value | % Change |
|---|---|---|
| ASX 200 | 8,542.3 | +0.33% |
| All Ords | 8,773.0 | +0.34% |
| Small Ords | 3,247.7 | +0.36% |
| All Tech | 4,044.0 | +0.71% |
| Emerging Companies | 2,277.5 | -0.17% |
Currency and US Futures
| Currency | Value | % Change |
|---|---|---|
| AUD/USD | 0.6547 | +0.26% |
| US Futures | Value | % Change |
|---|---|---|
| S&P 500 | 6,251.25 | +0.44% |
| Dow Jones | 44,413.0 | +0.65% |
| Nasdaq | 22,879.5 | +0.56% |
Sector Performance
| Sector | Value | % Change |
|---|---|---|
| Health Care | 41,603.2 | +1.58% |
| Industrials | 8,318.8 | +1.00% |
| Consumer Discretionary | 4,143.0 | +0.98% |
| Financials | 9,529.0 | +0.47% |
| Communication Services | 1,853.0 | +0.44% |
| Materials | 15,858.2 | -0.78% |
Market Dynamics
Despite some volatility, the broader market had a positive outcome, with about 70% of S&P/ASX 200 constituents closing either flat or up. The VanEck Australian Equal-weight ETF outperformed the official benchmark by closing 0.66% higher.
Summary of Notable Movements
- The ASX 200 reached new heights, but experienced some price fluctuations as it navigates around historic levels amid the highest price-to-earnings ratios seen in over twenty years, excluding the impact of COVID-19.
- Commonwealth Bank fell by 0.33%, while BHP shares dipped 2% due to lower iron ore prices.
- In healthcare, the S&P/ASX 200 Healthcare Index rose 1.58% following a correction from a prior 1.41% drop, with CSL, Pro Medicus, and Cochlear leading the surge.
Economic Updates
China’s economic indicators showed signs of improvement:
- The manufacturing PMI rose to 49.7 in June, up from 49.5 in May, with new orders showing expansion.
- Non-manufacturing PMI showed an uptick to 50.5, surpassing expectations.
Movers and Shakers
Top Gainings:
- NIB Holdings (NHF): +9.4% (After broker upgrades)
- James Hardie (JHX): +7.0% (After ACZEK shareholders approve takeover)
- Block (XYZ): +4.0% (No significant news)
Top Decliners:
- Droneshield (DRO): -4.2% (Contract win consolidating post-rally)
- Lynas Rare Earths (LYC): -3.0% (Following US-China trade developments)
Broker Recommendations
Several stock price targets have been revised:
- Macquarie Group (MQG) upgraded to Buy with a price target of $250.00.
- APA Group (APA) downgraded from Hold to Trim, targeting $7.60.
Concluding Overview
Overall, the ASX 200 has shown significant resilience this month with considerable gains, despite certain sectors like materials faltering. Continuous updates from global economies, especially from China, will be crucial in shaping market sentiments as we navigate the early stages of the new financial year.
